Tom Lee’s BitMine Immersion Applied sciences acquired 104,336 ETH price US$417 million, growing complete holdings to three.03 million ETH. Lee maintains his prediction that ETH will attain US$10k by finish of 2025, regardless of a broader crypto market crash. In the meantime, US spot Ethereum ETFs have proven combined efficiencyContinue Reading
Singapore’s DBS Group has partnered with Franklin Templeton and Ripple to launch trading and lending services using tokenised money market funds and RLUSD stablecoin. The collaboration enables accredited investors to swap between sgBENJI tokens and RLUSD on the XRP Ledger, creating new yield and credit opportunities. XRP has surged 600%Continue Reading
US Bitcoin ETFs recorded US$2.2 billion in net inflows last week after strong performance from Fidelity and BlackRock, reversing previous negative flows. The combined US funds now hold 1.31 million BTC worth US$152.7 billion, representing 6.24% of total Bitcoin supply and highlighting ETFs’ growing importance. Ethereum ETFs attracted US$734.3 millionContinue Reading
According to a Bloomberg report, BlackRock is exploring plans to tokenise its exchange-traded funds (ETFs) on blockchain networks, a move that would allow them to trade 24/7 and be used as collateral in decentralised finance (DeFi). The firm, which already operates the world’s largest tokenised money market fund, BUIDL, isContinue Reading
The Mag7 + Crypto Equity Index Futures will merge leading US technology stocks with crypto ETFs, giving investors concurrent exposure to both traditional equities and digital assets. The index contains ten equally weighted components, including tech giants, Coinbase stock, and BlackRock crypto ETFs, rebalanced quarterly. Futures contracts are cash-settled monthly,Continue Reading
Analyst Adriano Feria warns that XRP spot ETFs may reveal weak institutional demand compared to Bitcoin and Ethereum products backed by major firms like BlackRock. The crypto community remains divided, with some calling XRP a scam lacking development activity while others defend it and continue buying more tokens. EasyA co-founderContinue Reading
The price of BTC has slumped to its lowest levels since early July driven by profit taking and economic and political uncertainty weakening investor appetite for risk. Fading expectations of a September rate cut plus Trump’s moves to fire Fed Governor Lisa Cook have contributed to weakened market sentiment, whileContinue Reading
Public companies and funds now collectively hold a significant portion of Ethereum’s supply, with treasury holdings surpassing 4.1 million ETH, or 3.39% of the total supply. BitMine Immersion Technologies is the largest corporate holder, with over 1.5 million ETH, and has abandoned Bitcoin mining to focus on Ether accumulation. U.S.Continue Reading
Tidal Trust II has filed with the SEC to launch two leveraged ETFs that would provide daily returns of 150% to 200% on XRP and Solana. The funds will not hold the cryptocurrencies directly but will invest in derivatives, such as swaps and futures, tied to existing US-listed XRP andContinue Reading
The SEC has delayed its decisions on at least nine crypto ETF filings, including those for Bitcoin, Ethereum, Dogecoin, Litecoin, and XRP. The delays have pushed the decision deadlines for many of these products into October, with the regulator also holding off on a proposal for staking and in-kind redemptions.Continue Reading
